New Changes in Invoice Management System (IMS)–Must Know for Taxpayers🧾✨..!! скачать в хорошем качестве

New Changes in Invoice Management System (IMS)–Must Know for Taxpayers🧾✨..!!

The GSTN has rolled out important changes in the *Invoice Management System (IMS)* to simplify compliance and reduce taxpayer burden. Here’s what’s new 👇 ✅ *1. Pending Action for Records* Taxpayers can now keep *specified records pending* for 1 tax period (month/quarter). Applies to 👇 Credit Notes / Upward amendment of CN Downward amendment of CN (if original rejected) Downward amendment of Invoice/Debit Note (where original accepted & 3B filed) ECO-document downward amendment (where original accepted & 3B filed) ✅ *2. ITC Reduction Facility* If ITC *not availed* → No reversal required 🚫 If ITC *partially availed* → Reverse only that much 💡 Facility available to declare exact ITC availed & reverse accordingly (full/partial). Even if reversal already done earlier → Can declare in IMS. ✅ *3. Option to Save Remarks* Taxpayers can add *remarks* when marking records as **Reject / Pending**. Remarks will appear in 👉 *Recipient’s GSTR-2B* *Supplier’s Outward Supplies dashboard* Improves transparency & helps suppliers take corrective action faster 🤝 ✅ *4. Effective Date & Applicability* Applicable from *October tax period* 📅 Only for *new records* filed after rollout (not retrospective). Pending option due date = based on the period in which the document was communicated. ⚖️ *Takeaway for Taxpayers* ✔️ Pending allowed for 1 period only ✔️ Reverse ITC = only to the extent availed ✔️ Remarks bring clarity between buyer & supplier ✔️ Effective prospectively from October 📌 Stay updated & avoid errors in GSTR-3B and ITC reconciliation. #GSTIndiaDaily #GSTUpdate #IMS #TaxFacts #GSTCompliance